Morguard (TSE:MRC) Reaches New 1-Year High at $219.48

Morguard Corp (TSE:MRC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$219.48 and last traded at C$216.00, with a volume of 5623 shares traded. The stock had previously closed at C$199.95.

The company has a debt-to-equity ratio of 141.34, a quick ratio of 0.22 and a current ratio of 0.27. The firm’s fifty day simple moving average is C$189.54 and its 200-day simple moving average is C$191.23. The stock has a market cap of $2.26 billion and a P/E ratio of 10.49.

Morguard (TSE:MRC) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported C$6.17 earnings per share (EPS) for the quarter. The firm had revenue of C$301.39 million for the quarter. Analysts predict that Morguard Corp will post 13.3500003 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, September 13th. Morguard’s dividend payout ratio (DPR) is 2.95%.

About Morguard (TSE:MRC)

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 21, 2019, the company owned a portfolio of 214 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,481 residential suites, approximately 17.2 million square feet of commercial leasable space, and 5,903 hotel rooms.

Featured Article: Percentage Decliners

Receive News & Ratings for Morguard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard and related companies with's FREE daily email newsletter.